Retail & Commercial

Home BancShares in Conway, Ark., said in a press release Thursday that its bank has been declared the winning bidder for Bank of Commerce in Sarasota, Fla., as part of a bankruptcy auction.

Banks already have a difficult time collecting data on mortgage lending to minorities. New data requirements scheduled to take effect in early 2018 could lead to even more mistakes — and financial penalties — not to mention higher compliance costs and longer delays in closing loans.

Carter Bank in Virginia had been enjoying record profit until it was ordered to beef up Bank Secrecy Act compliance. The institution is the latest community bank to take a hit from enhanced oversight.

Behavioral biometrics has already stopped several million dollars worth of online banking fraud at National Westminster Bank in London.

Wells Fargo is continuing to sustain damage from the phony-accounts scandal that emerged in early September, according to new data published Thursday.

Sterling Bancorp in Montebello, N.Y., is planning to raise up to $81 million through a stock offering.

Many assume that a smart contract is something totally new. However, banking has used imperfect implementations of smart contracts for at least three decades.

LendingTree has agreed to pay up to $130 million to acquire the credit card shopping site CompareCards.

The Consumer Financial Protection Bureau issued a proposal Thursday that asks the public to weigh in on consumer access to financial information, part of a fight between banks and fintech companies about the sharing and control of consumer records.

The Lending Club founder is trying to stage a comeback with the formation of a new online consumer lender. But he will likely face more skepticism than he did during the industry's era of explosive growth.